Martina and Nellie, both calendar-year taxpayers, each own a 15% interest in Partnership MNO. Orron, Inc., whose fiscal year ends on March 30, 2019, owns a 70% interest in Partnership MNO. Partnership MNO has not established a business purpose for using a different tax year, nor has it made a fiscal year tax-year election. On what date does Partnership MNO's required tax year end? March 30, 2019.
April 18, 2019.
June 30, 2019.
December 31, 2019.

The simple interest in a loan of $200 at 10 percent interest per year is

Selected data for stick’s design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented